0001036050-98-001504 Sample Contracts

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Participation Agreement • September 3rd, 1998 • Penn Mutual Variable Annuity Account Iii • Massachusetts
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FORM OF PARTICIPATION AGREEMENT -------------------------------
Form of Participation Agreement • September 3rd, 1998 • Penn Mutual Variable Annuity Account Iii • Massachusetts
Exhibit 3(f) ADDENDUM NO. 98-1 To the BROKER-DEALER SELLING AGREEMENT ("Agreement") dated February 15, 1994 between The Penn Mutual Life Insurance Company ("Penn Mutual"), Hornor, Townsend, Kent Inc. ("HTK"), and __________________("Firm") ....
Broker-Dealer Selling Agreement • September 3rd, 1998 • Penn Mutual Variable Annuity Account Iii

To the BROKER-DEALER SELLING AGREEMENT ("Agreement") dated February 15, 1994 between The Penn Mutual Life Insurance Company ("Penn Mutual"), Hornor, Townsend, Kent Inc. ("HTK"), and __________________("Firm") . Notwithstanding the representation contained in the Agreement, Firm is not licensed to sell variable annuity and variable life insurance contracts in certain states. This Addendum is only applicable to Penn Mutual variable annuity and variable life insurance products that are approved for sale in the State of _____________.

Exhibit 8(c) Form of Sales Agreement
Penn Mutual Variable Annuity Account Iii • September 3rd, 1998
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